Technical Analysis of GBP/USD

The GBP/USD pair is moving in a sideways range on the four-hour timeframe. Price rebounded upward from the 1.3285 level, which represents a liquidity sweep area. Currently, price is trading around the 1.3390 level, and a further rise is expected during the day if a one-hour candle closes above the 1.3420 level.
Price is also showing some bullish momentum after the rebound from the liquidity zone. This may support the continuation of the upward movement in the coming sessions.

Key Economic News

There are no important economic news releases today, therefore market movement is expected to remain steady.

Prices are expected to rise and target the 1.3577 level, followed by the 1.3713 level.

Invalidation Scenario

The bullish scenario will be invalidated if price visits the 1.3284 level.